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Show If ,i . !! '! IM Umi- - 9 H' THE ARGUS. 14 Both stocks are slightly lower than in of lands more moist. It is possible the opening. South Swansea has al- :o work in the mines all winter when Official Quotations taken from the Bulletin Board of PEERY & LOWE, 10 ready shortened its output and the operations are carried on underWest Second South St. management announces that the Aug- ground. There is little or no vegetation ust dividend will be passed. PEERY & LOWES WEEKLY MARKET LETTER. along most of the route to the KlonCONCERNING THE KLONDYKE. dyke, but in the vicinity of the lakes The continued low price of silver and mill will both be entirely closed, renders the straight silver stocks and this condition will last until there Interest in the Klondyke gold fields and rivers there is an abundance of rather an unsatisfactory investment at is a material change in the silvei is unahating. The recent arrival of grass in the summer ; there is also of gold nuggets at imber to be found in plenty in some is also idle, and another ship-loapresent, but has so reduced the mar- market. Daly-WeThe lakes are all fresh ket prices on this class of securities the stock is offered down without Seattle has rather given a fresh impe- sections. tbat they are within easy reach, and takers. Dexter of Xevada a gold tus to the excitement. Mr. J. II . Bur-fien- water and are ice most of the year. The gold found there is both fine have already become the subject of stock is offered at the buying price of this city, one of the most of what is being some inquiry from sources where the of a week ago. This stock is regarded mining men of the West, if and coarse, belief is entertained that their value as one of the best buys on the local not of the nation, related some of his shipped at present being of the latter to the crude methods will increase. As pointed out by us market. experiences in Alaska to a representa- variety, owing a week ago, the silver-lead- s A meeting of the directors and tive of TnE Argus the other day. He now employed of extracting it from are also cut down to almost half the figure of stockholders of the Eagle resulted in was in and about Juneau mining and the earth. Mr. Burfiend has been in the minthree weeks ago, and unlike the a determination to resume work in the handling ore from 1886 to 1861. It straight silvers these are scarcely af- near future. Emerald continues was hut a little while after the first ing business for twenty years, and fected in their earning capacity. Lead strong and there is considerable activ- great interior gold excitement that part of his time has been operating in is worth 31.10 more per hundred than ity in the stock locally. There is now Mr. Burfiend went to that section. In Alaskan gold fields.. He regards the it was a year ago this month, and the no doubt but that the shaft has cut 18S2 a number of hardy, adventurous Klondyke as a good section for men difference in the lead increase more into some fine looking material, and prospectors pushed out from the coast to go to and work on their own hook, but does not regard it favorably as a than compensates for the loss in sil- the fact that lead is showing in the and began looking for gold inland. ver in the average lead-silve- r While there have been several min- place for investment. product disclosure gives the stock a healthy of Utah mines. This condition sug- tone, albeit it is speculative. ing booms in different parts of Alaska The Bio Grande has issued a cirgests buying the shares where the Heavy unloading from the inside and the northwest of British ColumXear the bia, the scene of the present opera- cular asking why people think of goearning capacity is not materially af- cut into Geyser-Mariofected, while the present panic prices close of last week nearly 50,000 shares tions is a practically unexplored field. ing to Klondyke when the gold fields prevail, and we conscientiously recom- were let loose, resulting in a decline That there is gold there and plenty of of Utah are among the richest in the mend such a course to investors and from which the stock has scarcely yet it Mr. Burfiend has no doubt. Were world. It holds out extraordinary inhe would go at once, he ducements for people to go to Piute speculators. In this connection, it is recovered. Small blocks are bringing he idle to attempt to deny that the gold from SL20 to 31.211, but it is gratify- says, for there is certainly gold in county to investigate the fabulous shares are affected by the decline in ing to know that the earning capacity great quantities, not alone in the finds of the past few days in that dissilver. The best of them are on the of the stock is not in the least danger. Klondyke, but in a dozen other sec trict. market lower than for some months Mammoth is an offering on the mar- tions in the vicinity. The best way Allan G. Lamson isand shrewd investors are taking ad- ket at low figures, but without appar to go is via Vancouvers island, and vantage of the situation. Indeed there ent cause, as the big percentage of the best place from which to start is sued invitations to the members of the has been a healthy activity in the gold the values in its ores is gold, and the Victoria . Supplies may be purchased Salt Lake City government and the securities, at shaded prices. product is not affected materially by in Victoria for much less than it is directors of the South Jordan Canal In the market, Anchor and Ajax the decline in silver. The stock should possible to get them in the United Company to visit Jordan Xarrows were without movement. A large part be an excellent buy in the present States, says Mr. Burfiend, owing to Wednesday The Kio Grande Westof the product of the former is lead, condition of the market. Mercur is the tariff prices asked on this side of ern ran a special for the benefit of the and the company is about completing slightly shaded since the August div the line. Besides, no duty is imposed guests. r on goods taken into the Klondyke, p s 3 STOCKS. provided they were purchased of her c 30 & as majestys tradesmen; while goods, 200,000$ 10 wares and merchandise taken there Ajax 10 50.000 Anchor Bullion-Hec10 100, (XX) from another country are subject to Law, 1 500,1X1) Buckeye the levy of the customs officers. Centennial Eureka 00,000 50 512 to 515 Progress Bldg., - Salt Lake 5 500.000 City. Dalton The trip inland from Juneau or 1 Dalton and Lark.. 2500,000 150.000 20 Daly Dyea is full of dangers and diffit 75.000 20 SALT LAKE MINING SHARE MARKET. ii d st d, best-informe- d n. foot-loos- e Vice-preside- as Dickson, Ellis Attorneys k Daly-Wes- Dexter 5 Eale 200,000! 150,000: Four Aces :du,ux) 250,0X1 1 1 n.0,000 10 IwneraM Ci ulei. a .... ........ Geyser-Mario- n Grand Central 200.000: 250.000, 1 5 1 a number of experiments in concentrating that will make it possible to place this product on the market at a profit. Full operations have not yet been resinned on the Ajax. At the monthly meeting, held on the 10th, passed the dividend, and the stock fell back. A large body ore is beiug drawn upon of silver-leabetween the 000 and the 1100 levels, and a heavy extraction is being mainis without tained. Centennial-Eurekspecial movement, some small blocks of the stock having been picked up at extremely low figures. Dalton and Lark is without change. So much of the product of this mine is lead that the silver drop has no effect on the stock. In Daly there is nothing to record but a decline. By August 20th, unless the unexpected happens, the mine Bullion-Bec- k d a ' , i nt idend was declared, but seems . to maintain its usual strength. Some good sized blocks changed hands in the week at prices that testify to the esteem in which the stock is held by investors. Xorthern Light is slightly stronger, as the result of a receipt of cyanides from the mill which is work- iug to the entire satisfaction of the management, and is being daily increased in capacity. Ontario is quoted lower than in the last twenty-fivyears, as a result of the indefinite closing down of the mines. Sacramento took a spurt toward the close. There is still some speculation as to an August dividend, which has not yet been announced by the management. Swansea paid its regular dividend of 5 cents on the 10th, and on the same date Silver King distributed a 25 cent dividend. m e Ellis, at culties which are mostly encoun- J. T. BRECKOX Civil and Mining Engineer, tered at the beginning of the U. S. Deputy Mineral Surveyor. miles from 124 and 125 Commercial journey. For thirty-eigh- t Block, Salt Lake City. coast of coast to the the the summit range the trail is tortuous, slippery, B. T. LLOYD, Stocks, Securities, Bonds steep, and in places almost impassand Mines. able. Mr. Burfiend believes tha GOLD PROPERTIES A SPECIALTY. parties going to Klondyke should ship Office, 206 McCornick Block, Salt Lake Ci y. their pack animals, either mules or horses, to Dyea and use them inmak JOHX MAIIAX, Real Estate, Loans and Mines, ing the ascent, after which they coulc 65 W est Second South St., be sold for a good, round sum or Room killed for food. 31 O'Meara Block, Salt Lake City. From the summit the distance to BLUE WELSH SILICA the end of the rainbow where the po COPPER SMELTING of gold lies waiting is about 450 miles of comparatively smooth sailing. I is possible to go the entire distance by Fire-bricboat, but safer to pack around two or three sets of rapids in the river. Concerning the climate of the inter Trade Mark, Abernant. ior Mr. Burfiend says it is rather warm in the summer, when the myr iads of mosquitoes are an awful pest Imported and for Sale by cold the time it gets very In winter A. T. CHUR, Sole Agent, hut as it is a dry cold, it is not so 1 9 Barclay St., New York. dangerous as are the milder winters k A'" jfc- .'A |